Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 17, 2012

The Charles Schwab Corporation

(Exact name of registrant as specified in its charter)

Commission File Number: 1-9700

 

Delaware   94-3025021

(State or other jurisdiction

of incorporation)

  

(I.R.S. Employer

Identification No.)

211 Main Street, San Francisco, CA 94105

(Address of principal executive offices, including zip code)

(415) 667-7000

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

  (a) The Annual Meeting of Stockholders of The Charles Schwab Corporation (“CSC”) was held on May 17, 2012.

 

  (b) All nominees for election as a director were elected, and each nominee received more “for” votes than “against” votes cast for his or her election. The proposals for ratification of CSC’s independent auditors and for the advisory vote on executive compensation were approved. The proposal to amend CSC’s Fifth Restated Certificate of Incorporation and Fourth Restated Bylaws to declassify the board required the affirmative vote of 80% of total outstanding shares of CSC’s common stock and was not approved. The stockholder proposal regarding political contributions was not approved. The stockholder proposal regarding proxy access required the affirmative vote of 80% of total outstanding shares of CSC’s common stock and was not approved. The final voting results were as follows:

 

         

For

     

Against

     

Abstain

     

Broker Non-Vote

  
1    Election of Directors            
  

(a) Nancy H. Bechtle

      1,051,304,238         21,959,738         835,437         101,493,076   
  

(b) Walter W. Bettinger II

      1,061,707,883         11,581,329         810,201         101,493,076   
  

(c) C. Preston Butcher

      1,061,306,098         11,799,241         994,074         101,493,076   
2    Ratification of Independent Auditors      1,159,917,441         13,994,251         1,680,797         —     
3    Advisory Approval of Named Executive Officer Compensation      1,038,754,812         27,930,393         7,414,208         101,493,076   
4    Amendments to Certificate of Incorporation and Bylaws to Declassify the Board      873,939,742         198,423,146         1,734,556         101,495,045   
5    Stockholder Proposal on Political Contributions      212,563,273         691,897,261         169,637,729         101,494,226   
6    Stockholder Proposal to Amend Bylaws Regarding Proxy Access      331,653,174         739,868,935         2,576,154         101,494,226   

Signature(s)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  THE CHARLES SCHWAB CORPORATION
Date: May 22, 2012   By:  

/s/ Joseph R. Martinetto

   

Joseph R. Martinetto

Executive Vice President and Chief Financial Officer